Posted on 09/27/2006 12:30:28 PM PDT by TampaDude
DALLAS — Convenience store operator 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel.
The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp.
A spokeswoman for Dallas-based 7-Eleven said its 20-year contract with Citgo Petroleum Corp. ends next week. About 2,100 of 7-Eleven's 5,300 U.S. stores sell gasoline.
Citgo is a Houston-based subsidiary of Venezuela's state-owned oil company, and the foreign parent became a public-relations issue for 7-Eleven because of comments by Venezuelan President Hugo Chavez.
(Excerpt) Read more at foxnews.com ...
Oh, thank heaven.
It's about time! Here in my neck of the woods, there's a regional or local convenience store chain which would do well to do the same.
I'm sure I'm not alone in saying I ended my relationship with Citgo a while back because I won't knowingly support Chavez or his ilk.
Excellent! That's good news.
Let them eat oil filters....
Nice!
I ended my relationship with Citgo a while back because I won't knowingly support Chavez or his ilk
Same here. I've asked my family to avoid Citgo. I hope we have enough patriots in this country to slap that commie bozo back into the 8th century.
And they have good coffee too. It's about time we let the market handle situations like this.
I will never get gas from a CITGO station EVER AGAIN.
The Americans who work for the company will work at another station soon enough if the company folds.
Chavez is running his oil biz into the ground. Production has fallen in half, and he has had to buy gasoline to meet his committments. He announced last month or so that he was dropping stations so he would have to do that any more.
I guess they got tired of hearing that they should put their gas up Hugo's ass.
If you want to support Fidel Castro - Buy Citgo Gas!!
Someone made a good business move. It was obvious that people would boycott Citgo and in turn, 7-11 would lose business.
I will now buy my gas and morning coffee from 7-11. Great move. I wish more wouild follow. Kudo's to the board!!!
I think 7-11 is already losing a lot of gas business. Had to fill up twice yesterday and purposely passed every Citgo I saw. Looks like Earl Holding of Sinclair will make billions more.
This is how it starts ... hopefully more corps will stop doing business with the Communist Mennace.
Chavez became president of Venezuela in 1998. In 1998 Venezuela produced 3,120,000 BPD of crude oil. In 2005 Venezuela produced 3,128,000 BPD or crude Oil.
Sorry, I left out the source of the data.
OPEC Annual Statistical Bulletin 2005
http://www.opec.org/library/Annual%20Statistical%20Bulletin/interactive/FileZ/Main.htm
SUMMARY TABLES AND BASIC INDICATORS
TABLE 13 - OPEC Crude Oil Production by Country, 1960-2005
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